Shares of BWI International Holdings Ltd. (2339.HK) soared after Luxshare Precision announced a deal to become its ultimate controlling shareholder. The acquisition, which values Luxshare's indirect stake at 59.5%, prompted a more than 60% rally in the automotive supplier's stock.
BWI International Holdings Ltd. (2339.HK) shares surged 60.7 percent after Luxshare Precision agreed to acquire the auto-parts maker’s controlling shareholder, a deal that would make the electronics giant the ultimate owner with a 59.5 percent indirect stake.
The company was informed by its controlling shareholder, BWI Group, of a sale and purchase agreement entered into on March 31, 2026, with Luxshare Precision, BWI International said in a filing to the Hong Kong Stock Exchange.
The agreement will see Luxshare Precision acquire the entire equity interest in BWI Group. BWI Group holds a majority stake in BWI (Beijing) Limited, which in turn controls 769 million shares, representing approximately 59.5 percent of BWI International. Trading in the company's shares resumed today after being halted pending the announcement.
The acquisition signals a major strategic move by Luxshare, a key Apple supplier, to deepen its presence in the automotive sector. While the company cautioned that the deal remains conditional, the sharp stock price increase to HK$7.19 reflects strong investor confidence that the new ownership will unlock significant value and synergies for the chassis and suspension systems manufacturer.
The deal places BWI International under the control of a much larger, technologically advanced parent, potentially providing capital and expertise for expansion, particularly in the electric vehicle supply chain. Investors will now watch for the completion of the deal's conditions and any subsequent strategic announcements from the new leadership.
This article is for informational purposes only and does not constitute investment advice.
